China apparently has just as much influence over the price of gold and silver as it does steel and coal. After data showed the country purchased more gold during the first half of the year than in 2012, the price of both metals realized positive gains, which have eluded investors for most of 2013. Silver reached levels not seen since May. Unfortunately, not all metals got caught up in the swell. Copper producers felt very little in the way of stock appreciation, with major producers such as Southern Copper basically flat-lining over the past five trading days.
For those of you who aren't invested in the mining sector, Motley Fool analyst Taylor Muckerman recommends taking a closer look at Silver Wheaton . Its unique streaming model insulates it from being dangerously affected from slowdowns at one or two specific mines, which can wreak havoc on an individual miner. For those looking for a bit more risk, Hecla Mining might not be a bad place for investors digging for value. Tune in below for more on the momentum being felt in the gold and silver markets lately.
Investors who believe that this week is the start of something bigger in the gold market would be wise to read this first. The Motley Fool's new free report "The Best Way to Play Gold Right Now" dissects the recent volatility being experienced and provides a guide for gold investing. We invite you to click here so you can gain access to the full report today!
This article was originally published as Who's on Fire and Who's Ice Cold in the Mining Sector?on Fool.com
Copyright © 2009 The Motley Fool, LLC. All rights reserved.